Follow-Through Trades: Quick Hits

The Follow-Through: Quick Hits Weakness still lingers from the oversold bounce, but two trades I mentioned in my last Market Breadth post turned into quick hits in the first two days of trading this week. On Monday, Tesla (TSLA) quickly hit my initial profit target on a calendar call spread. I also snagged the calendar … Read more

Weakness Lingers As the Oversold Rebound Cools – The Market Breadth (July 30, 2021)

Stock Market Commentary Welcome to the new world of “The Market Breadth.” I used the switch from AT40 (T2108) to AT50 (MMFI) as my market breadth indicator to improve the name of this blog series. The Market Breadth marks a change from a technical name that sounds like a Space X rocket to an English … Read more

How Declining Market Breadth Delivered A Beating On Stocks – Above the 40 (July 16, 2021)

Stock Market Commentary The stock chickens have come to roost on declining market breadth. The stock market indices still generally appear fine, but an ever growing swath of individual stocks have fallen further and further behind. Last week in particular, sellers delivered an extended beating on individual stocks. The signs of waning confidence in the … Read more

Back to the Regularly Scheduled Stock Market Melt-Up – Above the 40 (July 10, 2021)

Stock Market Commentary The stock market melt-up took a one day break. The signs of trouble were ever more clear ahead of the break. Something was wrong with the picture in the stock market. Yet, sellers could barely follow through. The S&P 500 stumbled with a gap down, but buyers stepped right back in at … Read more

Follow-Through Trades: The S&P 500 Left Churning Stocks Behind

The Follow-Through: Churning While the S&P 500 (SPY) cruised higher all week, much of the rest of the market resigned to churning. The dichotomy of a market rebound versus the wounds left to heal continued to play out. Many of the follow-through trades for this week churned with the rest of the stock market. See … Read more

A Strong Market Rebound that Failed to Heal All Wounds – Above the 40 (June 25, 2021)

Stock Market Commentary Even the Federal Reserve must sit back and marvel as the S&P 500 (SPY) refuses to rest for long. Post-Fed handwringing sent the stock market into a period of doubt over previous assumptions of inflation fears. The previous week even ended with oversold conditions looming. However, as is the case with so … Read more

African Nations No Longer Lead the World in Bitcoin

Google trends provides a measure of the popularity of Google search terms. The data can indicate relative popularity and interest in a topic. I use the search on “Bitcoin” as a trade indicator called the Google Trends Momentum Check (GTMC). During my checks on the GTMC, I noticed for quite some time the African nations … Read more

Stock Buyers Break Important Downtrend Only to Get Stymied Again – Above the 40 (April 30, 2021)

Stock Market Commentary Last week featured an intense barrage of earnings reports. The collective response on the major indices was a major yawn. The S&P 500 finished flat for the week. The NASDAQ and the iShares Trust Russell 2000 Index ETF both softened by 0.4%. Financials were a notable exception as the Financial Select Sector … Read more

From Growth Tantrum to Growing Complacency for the Stock Market – Above the 40 (April 16, 2021)

Stock Market Commentary The growth tantrum is almost a distant memory. Complacency is more the order of the day as the volatility index sinks further below 20 and the S&P 500 (SPY) hops and skips through all-time highs. Big cap tech is popular again. These stocks are helping to drag both the S&P 500 and … Read more

A Great Stock Market Divergence – Above the 40 (March 12, 2021)

Stock Market Commentary A great stock market divergence clarified itself last week. Growth stocks, especially the expensive and/or speculative kind, took a back seat to industrial and consumer names and other stocks primed to benefit most from the global economies reopening on a fresh wave of liquidity. This divergence renders a generalized view of the … Read more